Project management consulting company PTAG has entered an agreement with Intelligent Construction Experts, which does business as Construct-X, to acquire 100% of the issued and outstanding membership interests of Construct-X.
Financial terms of the deal have not been disclosed.
This deal is expected to close after the completion of definitive agreements and customary closing conditions.
This move will see the integratation of PTAG and Construct-X capabilities in collaborative contracting, advanced work packaging (AWP), lean, and digital project execution of large industrial and infrastructure projects.
Headquartered in Houston, US, Construct-X is engaged in AWP, digital project execution, and data-driven performance optimisation across various industrial sectors.
PTAG, with its collaborative contracting and project management services, has a longstanding partnership with Construct-X, aiming to transform the industry into a futureproof sector.
PTAG managing partner Michael Dubreuil said: “PTAG and Construct-X have successfully collaborated for years, and now, as we take the next step toward integration to better serve the market, we are positioned to accelerate the adoption of best-in-class project delivery practices across the industry.”
“Together, we will help clients reduce project risk, improve execution certainty, and achieve better business outcomes.”
Construct-X CEO Ted Blackmon added: “Construct-X was founded to push the boundaries of project execution through technology and data-driven insights. Becoming part of PTAG will allow us to scale that mission globally and bring even more value to our clients through a unified approach to digital transformation and Advanced Work Packaging.”
The merger of PTAG and Construct-X aims to deliver an integrated suite of advanced project delivery solutions, enhancing project predictability, efficiency, and performance.
The combined capabilities of both companies are expected to benefit clients in the nuclear, energy, technology, and mining sectors, driving industrywide improvements through digital transformation and collaborative project management.
